A FAMILY run business has been forced to make more than 100 people redundant and more job losses could be on the way.
The HI Group Plc went into administration on Tuesday and Ernst & Young have been appointed administrators of the group, which include Hi-Way Express on Tuscany Way, Normanton.
The family-run business had been importing and distributing electrical white goods to the retail market for 35 years.
Ernst & Young said 109 of the 278 workforce were made redundant on Wednesday.
Normanton MP Yvette Cooper said: “It’s really sad to see a local company like Hi-Way struggling and it’s terrible that so many people have lost their jobs.
“We’re still in a double dip recession and many businesses are being hit hard. That’s why we badly need more jobs round here and action to get the economy growing.”
Joint administrator Sam Woodward said: “In recent years the group has suffered from challenging market conditions which has seriously impacted the group’s white goods business. As a result turnover has declined resulting in severe cash flow difficulties.
“We are pleased to report that we have completed a sale of Hi-Way Express Home Delivery business to Pacifica Group, an electrical repair, warranty and servicing company based in the North East.
“This sale has preserved the jobs of 57 people and ensures continuity.”
It is still seeking offers for the remaining companies, which include Crown Corporation (UK), Fridgemaster Corporation, Frigidaire Consolidated, Hardman Isherwood, HI International, H.I. Investments, Independent Service (Domestic Appliances) and Whitwood Warehouse.
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Saturday 18 May 2013
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